Herc Holdings Inc. (NYSE:HRI) Holdings Raised by MQS Management LLC

MQS Management LLC lifted its position in shares of Herc Holdings Inc. (NYSE:HRI) by 3.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,945 shares of the transportation company’s stock after acquiring an additional 71 shares during the period. MQS Management LLC’s holdings in Herc were worth $310,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Herc by 1.3% during the first quarter. Vanguard Group Inc. now owns 2,936,945 shares of the transportation company’s stock worth $494,288,000 after purchasing an additional 38,798 shares during the period. Tidal Investments LLC acquired a new stake in Herc during the first quarter worth about $990,000. SG Americas Securities LLC lifted its holdings in Herc by 226.4% in the second quarter. SG Americas Securities LLC now owns 5,643 shares of the transportation company’s stock worth $752,000 after acquiring an additional 3,914 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Herc by 232.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 14,618 shares of the transportation company’s stock valued at $2,461,000 after acquiring an additional 10,217 shares during the period. Finally, Quest Partners LLC grew its holdings in shares of Herc by 15,137.8% during the second quarter. Quest Partners LLC now owns 6,857 shares of the transportation company’s stock valued at $914,000 after purchasing an additional 6,812 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors.

Herc Stock Performance

HRI opened at $217.45 on Friday. Herc Holdings Inc. has a 1-year low of $119.08 and a 1-year high of $246.88. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 1.29 and a beta of 2.02. The business has a 50 day moving average price of $176.13 and a two-hundred day moving average price of $153.31. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.22 and a quick ratio of 1.22.

Herc (NYSE:HRI) last announced its earnings results on Tuesday, October 22nd. The transportation company reported $4.35 earnings per share for the quarter, missing the consensus estimate of $4.48 by ($0.13). Herc had a net margin of 10.09% and a return on equity of 26.35%. The firm had revenue of $965.00 million for the quarter, compared to the consensus estimate of $931.33 million. During the same period in the prior year, the business earned $4.00 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. Research analysts predict that Herc Holdings Inc. will post 13.59 EPS for the current fiscal year.

Insider Transactions at Herc

In other news, Director Michael A. Kelly sold 3,880 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $208.83, for a total transaction of $810,260.40. Following the completion of the sale, the director now directly owns 13,774 shares of the company’s stock, valued at $2,876,424.42. This trade represents a 21.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Aaron Birnbaum sold 10,000 shares of Herc stock in a transaction on Monday, August 26th. The stock was sold at an average price of $146.71, for a total value of $1,467,100.00. Following the completion of the transaction, the chief operating officer now owns 38,232 shares in the company, valued at $5,609,016.72. The trade was a 20.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,880 shares of company stock valued at $3,342,960 in the last quarter. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on HRI shares. Barclays boosted their price objective on Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Robert W. Baird reissued a “neutral” rating and set a $155.00 price target on shares of Herc in a report on Tuesday, July 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, The Goldman Sachs Group lifted their price target on Herc from $178.00 to $204.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $212.25.

Herc Company Profile

Herc Holdings Inc, together with its subsidiaries, operates as an equipment rental supplier. It rents aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment, as well as generators, and safety supplies and expendables; and provides ProSolutions, an industry specific solution based services, such as pumping solutions, power generation, climate control, remediation and restoration, and studio and production equipment.